Share certificates offer competitive rates for those members seeking to earn more for their savings. There are a variety of fixed terms certificates available from 3 months to 5 years. Funds are available to use as collateral for a certificate secured loan at a low rate of interest.
A Bump Up term share certificate is also available. If you're ready to take your savings to a new level, this maybe just what you need. What sets this apart from a typical share certificate is if the rate increases, you can contact the credit union one time during hte term and "Bump Up" to the higher rate. This enables you to grow with the market.
Get started today! Give us a call at (800) 798-2328 if you are interested in a share certificate.
|Effective Date: as of March 27, 2019|
|Certificate Type||Minimum Balance to Receive Dividend||Dividend Rate||Annual Percentage Yield (APY)*||Compounded/Paid|
|Youth 3 Month||$500||1.25%||1.26%||Monthly/Monthly|
|Youth 6 Month||$500||1.40%||1.41%||Monthly/Monthly|
|Youth 12 Month||$500||1.80%||1.81%||Quarterly/Quarterly|
|39 Month Bump Up||$1,000||2.70%||2.73%||Quarterly/Quarterly|
|*Annual Percentage Yield is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. This rate assumes that a set amount is on deposit at the beginning of the dividend period, that no deposits or withdrawals are made during the dividend period and funds remain on deposit for one full year at the same dividend rate. Fees may reduce earnings. A fee may be charged for early withdrawal of a fixed-term certificate or IRA. Rates are expressed as an annual percentage yield (APY) and are subject to change without notice.|